Norco Gas Station Complex Changes Hands for $12M

Inland Empire real estate brokerage firm Progressive Real Estate Partners has brokered the $11.9 million, all-cash sale of a Chevron gas station, convenience store and car wash in Norco, CA. The firm’s Victor Buendia represented the seller, a Los Angeles private investor while Grace Su from Meiguo Realty represented the buyer, also an LA-based private investor.

The 23-year-old asset was fully remodeled in 2020, and features a high-volume Chevron station with 18 fueling positions, a self-service car wash and a 22,000-square-foot building that is home to an ExtraMile convenience store, a Valvoline franchisee and a window tinting company.

“Within weeks of going to market, we generated significant interest and identified an experienced, well-qualified cash buyer and we were able to close the transaction at full asking price within 120 days,” said Buendia. “There continues to be strong demand for well-located, high-volume gas stations with convenience stores in the Inland Empire.”